https://www.neican.ai/tags/%E8%8A%AF%E7%89%87%E9%80%9A%E8%83%80/ Recent content in 芯片通胀 on AI内参 Hugo zh-cn Fri, 26 Jun 2026 20:10:05 +0800 https://www.neican.ai/insights/article-20260626201005769-0/ Fri, 26 Jun 2026 20:10:05 +0800 https://www.neican.ai/insights/article-20260626201005769-0/ 本文深度剖析了AI基础设施投资引发的全球“芯片通胀”现象，指出算力产业链上游与下游之间的利润分配失衡，并警示投资者关注高估值背景下资本支出扩张的边际风险。